Southwood Village in Torrance, California, is home to tenants such as Dollar Tree, ACE Hardware, Goodwill and Chevron.

Torrance, Calif. — Faris Lee Investments has arranged the $21 million sale of Southwood Village, a 66,958-square-foot shopping center in Torrance, a city in southern California.

Richard Chichester and Donald MacLellan of Faris Lee arranged the transaction on behalf of the seller, BIG Shopping Center USA. Triwell Properties represented the undisclosed buyer, a South Bay-based private investor, in the 1031 exchange. At the time of sale, Southwood Village was 97 percent leased to tenants such as Dollar Tree, ACE Hardware, Goodwill and Chevron.

Much of the spotlight surrounding in-demand tenants at today's shopping centers is focused on food and beverage and entertainment users.
This is a solid strategy, agrees Steven Maksin, founder and CEO…